Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume - What's Next?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,050,092 shares traded hands during trading, an increase of 7% from the previous session's volume of 1,908,870 shares.The stock last traded at $5.65 and had previously closed at $5.42.

Mizuho Financial Group Stock Up 1.3%

The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $70.04 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.76 and a beta of 0.38. The business has a 50-day moving average price of $5.07 and a 200 day moving average price of $5.21.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. On average, equities analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MFG. Lazard Asset Management LLC raised its position in Mizuho Financial Group by 54.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock valued at $115,201,000 after purchasing an additional 8,329,657 shares during the period. Northern Trust Corp raised its holdings in Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock valued at $47,648,000 after buying an additional 4,508,649 shares during the period. Bank of America Corp DE lifted its position in Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock worth $78,835,000 after buying an additional 2,454,233 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mizuho Financial Group in the fourth quarter worth $5,951,000. Finally, Wells Fargo & Company MN boosted its stake in Mizuho Financial Group by 48.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after buying an additional 992,900 shares during the period. Hedge funds and other institutional investors own 3.26% of the company's stock.

About Mizuho Financial Group

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.